this post was submitted on 14 Mar 2024
1153 points (98.2% liked)
Funny
6899 readers
487 users here now
General rules:
- Be kind.
- All posts must make an attempt to be funny.
- Obey the general sh.itjust.works instance rules.
- No politics or political figures. There are plenty of other politics communities to choose from.
- Don't post anything grotesque or potentially illegal. Examples include pornography, gore, animal cruelty, inappropriate jokes involving kids, etc.
Exceptions may be made at the discretion of the mods.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
My wife found out you can get one earlier as long as your parents sign off on it. They then used her social security to scam some loans while she's a child, which fucked her up later when she moves out on her own and tried to get an apartment.
This is extremely common, and one of the reasons that using SSN for credit reports is a horrible practice. The only way for someone to dispute the debts is to report their parents to the authorities, which is a horrible position to be in when you’re freshly 18. The real solution would be a simple age check, to verify if the person applying for the loan is actually 18. But that ~~is apparently too difficult~~ would prevent banks from saddling literal children with mountains of debt.